34238 Property Tax Rate

Property owners in ZIP code 34238 (Sarasota, Florida) pay a median of $4,014/year in property taxes on homes valued at $532,800. This translates to an effective tax rate of 0.75%, which is near the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 34238 is approximately $335, which factors into escrow payments on mortgages. This ZIP code is located within Sarasota County. This is $1,369 more than the Florida average of $2,645/year.

Compared to similar ZIP codes in Florida, 34238 has higher property taxes. ZIP codes with similar effective rates include 34614 (0.75%) and 34613 (0.75%).

In Sarasota, property taxes represent approximately 4.2% of the median household income of $94,583, providing context for the relative tax burden on homeowners in this area.

Under Florida's Save Our Homes Act, your assessed value is capped at 3% annual increases after homestead filing, but resets to market value at purchase. Sarasota County offers a $25,000 homestead exemption plus an additional $25,000 exemption on non-school taxes for primary residences — file with the Sarasota County Property Appraiser by March 1 of the year following closing. Apply for homestead exemption immediately upon closing with the Sarasota County Property Appraiser to ensure the cap takes effect on your first tax assessment.